Gold could retest $1237
Updated
Gold was falling for a long time without a good pullback.
Now we are in that very corrective move as metal rebounded strongly from the 1180 area.
C=A around the area of the earlier low (1237), this is how amazingly the simple geometry works.
Now we are in that very corrective move as metal rebounded strongly from the 1180 area.
C=A around the area of the earlier low (1237), this is how amazingly the simple geometry works.
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Think of moving stop to breakevenComment
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zoomed
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correction deepened and became more complex
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gold failed to break the earlier top of wave A so we got another leg of correction to the downside
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Triangle was broken down - return to classic flatComment
the last wave unfolds and the target area is shown in the chart between 1235 and 1250
Trade closed: target reached
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